InvestorsHub Logo
Followers 0
Posts 68
Boards Moderated 0
Alias Born 10/15/2012

Re: None

Tuesday, 02/11/2014 11:04:13 PM

Tuesday, February 11, 2014 11:04:13 PM

Post# of 66387
Straight from the SEC website, copied and pasted as is (emphasis is theirs).

Note: Investors should be cautious when buying common stock of companies in Chapter 11 bankruptcy. It is extremely risky and is likely to lead to financial loss. Although a company may emerge from bankruptcy as a viable entity, generally, the creditors and the bondholders become the new owners of the shares. In most instances, the company's plan of reorganization will cancel the existing equity shares. This happens in bankruptcy cases because secured and unsecured creditors are paid from the company's assets before common stockholders. And in situations where shareholders do participate in the plan, their shares are usually subject to substantial dilution.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent HGYN News